facebook
twitter
search
search

Suncor's oil sands facility hits target

Oct. 23, 2012 at 6:37 AM

CALGARY, Alberta, Oct. 23 (UPI) -- Canadian oil company Suncor Energy announced its Firebag oil sands facility in Alberta province hit its design capacity of about 120,000 barrels per day.

Suncor said Stage 3 of the facility went online in August and has since exceeded initial expectations. First oil from a fourth stage of the facility is expected by the end of the year, there months ahead of schedule and 10 percent under budget.

The company said production at the Firebag complex reached an average capacity of 113,000 bpd during the third quarter of this year.

"Quarterly production was up over 100 percent from last year's third quarter production of approximately 55,000 bpd," the company said in a statement.

Steve Williams, president and chief executive officer at Suncor, said the Firebag facility was a "crucial component" of its oil sands portfolio.

The first two stages of the Firebag production facility have been in operation for more than five years. Combined production was estimated at around 60,000 bpd.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
B-52 bombers demo long reach of U.S. air power
Army orders tactical trucks from Oshkosh
Reddit CEO Ellen Pao offers to improve communication in wake of firing scandal
Report: Brazil's Petrobras wading dark waters
Raytheon wins IDIQ contract for Army sensor systems